Livewire Ergogenics Inc (LVVV)

[Evandean1]

(GLOBE NEWSWIRE) -- Medical Marijuana Inc. (OTC Pink:MJNA) is pleased to inform shareholders and the general public it completed the joint venture with LiveWire Ergogenics, Inc. (OTCQB:LVVV) under the name of HempWire, LLC ("HempWire"). The joint venture agreement stipulates that Medical Marijuana Inc. and LiveWire Ergogenics ("LiveWire") will equally split the net profits (50/50) from all cannabidiol (CBD)-rich hemp oil functional food sales distributed through HempWire. Market research indicates that the worldwide market for functional food is valued at $221.58bn in 2014.

"Both companies are excited about the partnership," states Michelle Sides, Chief Operating Officer of Medical Marijuana Inc. "We chose LiveWire as an established manufacturer that can provide our customers with the same consistency and quality that they have come to expect from our company. To start, HempWire will bring the first-ever CBD-rich hemp oil energy square chew to the market, with more products to come."